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The end of the silver bullet era in fraud prevention

Han Sahin, CEO of ThreatFabric, explains why financial institutions should avoid investing in a ‘silver bullet’ solution to fight and prevent fraud, and offers advice on how to protect against future attacks

fraud detection, malware, bot attacks, banks, KYC, APP fraud, biometrics, two-factor authentication

EventBot, a new Android malware threat for banking apps and e-wallets

EventBot, Android malware, banking apps, eWallets, cryptocurrency wallets, Cybereason, cybersecurity, Android app, PayPal, Coinbase, CapitalOne, HSBC

Android bug helps cybercriminals target bank accounts

A security flaw in Google’s Android software found by security experts at Promon has let cyber-thieves craft apps that can steal banking logins.

Promon, android bug, security flaw, fraud prevention, data harvesting, banking bot, malware, cybersecurity, Google, BankBot

Ransomware, abusing machine learning among top cyberattacks

Ransomware, increasing stealth in malicious Android apps, exploiting misconfiguration in the cloud, and abusing machine learning have been reported by SophosLabs as top cyberattacks.

ransomware, malicious Android apps, cloud, machine learning, cyberattacks, fraud prevention, cybersec, SophosLabs

Several banking Trojans found in Google Play by security researchers

Despite Google’s defences for protecting Android’s official marketplace, security researchers have discovered that cybercriminals still manage to sneak in banking Trojans.

Google Play, banking trojan, online security, fraud prevention, mobile apps

TrendMicro detects XLoader Android Spyware and Banking Trojan

Trend Micro has detected a new wave of new wave of XLoader Android Spyware and Banking Trojan attacks targeting Japan, Korea, China, Taiwan, and Hong Kong.

TrendMicro, spyware, banking trojan, cybercrime, security

BankBot trojan is back to Google Play

Android banking trojan BankBot has found its way to Google Play again with improved code obfuscation, a payload dropping functionality and an infection mechanism.

Trojan, banking, cybercrime, cyber threats, Google Play, BankBot, malware

Android users might close malicious apps with new tool

Google has been testing for Android 7.1 users a new tool that enables them to shut down any app they suspect of being infected with malware.

Google, mobile fraud, Android apps, Android users, panic button, malicious app, malware, fraud prevention, online security

Android malware masks fraudulent bank transactions

Security company Trend Micro has discovered an Android malware which masks fraudulent bank transactions, keeping the victim busy while they empty their bank account.

Android, malware, fraudulent transactions, bank account, cybercrime, fake bank notification, Fanta SDK

Over 20 new versions of Ghost Push malware threaten Android apps

Over 20 new variants of the Ghost Push malware embedded in Android apps have been able to root devices and compromise systems.

malware, cybercrime, Trend Micro, data breaches, Ghost Push, online security, Android

Rakuten launches app store

Japan-based technology and ecommerce company Rakuten now has its own branded Android app store, linked to its ‘Rakuten Super Points’ loyalty programme, mobileworldlive.com reports.

App Store, Rakuten, ecommerce, Android, loyalty, in-store payment

Cybercriminals turned to mobile and cryptoransom malware in 2014

The malware landscape changed in 2014, with attackers focusing on the mobile channel and embracing cryptoransomware, a new report unveils.

cyber-attacks, cyberfraud, web fraud, online security, internet users, cyber-threats, mobile, ransomware, cryptoransom